Per HTML syntax, and even HTML5, the following are all valid options:
<option value=""asd">test</option>
<option value=""asd">test</option>
<option value='"asd'>test</option>
<option value='"asd'>test</option>
<option value='"asd'>test</option>
<option value="asd>test</option>
<option value="asd>test</option>
Note that if you are using XML syntax the quotes (single or double) are required.